SEI adjusted earnings jump 24% and board adds $800 million to buyback

SEI Investments grew revenue 14% in the third quarter and expanded its stock buyback by $800 million, as the company said sales so far this year have already set a record.

Revenue rose to $662.0 million from $578.5 million a year earlier, according to the earnings release SEI filed with an 8-K on Wednesday. Diluted EPS increased 6% to $1.38, while adjusted EPS, a non-GAAP measure, jumped 24% to $1.64.

Operating income climbed 24% to $198.0 million, and the operating margin widened to 30% from 28%.

"Our year-to-date sales results have already surpassed the highest full-year total in SEI's history," CEO Ryan Hicke said in the release.

Segments

Revenue from the Investment Advisors segment rose 26% to $185.4 million, though its operating margin narrowed to 41% from 46% as expenses rose 36%. Investment Managers revenue increased 14% to $235.8 million.

Private Banks revenue grew 11% to $160.4 million, and operating profit in that unit jumped 38%. Institutional Investors revenue slipped 2% to $70.6 million.

Buyback

On Oct. 20, the board approved an additional $800 million for share repurchases, raising available authorization to about $926 million.

By the numbers

• Revenue: $662.0 million, up 14%
• Diluted EPS: $1.38, up 6%
• Adjusted EPS: $1.64, up 24%
• Operating margin: 30%
• Buyback authorization available: about $926 million

Sources

1. SEI Investments Company, Form 8-K (Items 2.02, 7.01, 8.01) with Exhibit 99.1 earnings release dated Oct. 21, 2026, accession 0000350894-26-000051

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